Web3 Platform Friend.tech Transforms Ownership, Shares Stake with Users
Friend.tech, a social platform leveraging Web3 technology, has proposed a new ownership model by offering its shares to its users.
The move is intended to empower platform users, who were previously mere participants, to become investors with a vested interest in the company’s prosperity.
This shift reflects a broader transformation in investment dynamics towards democratization within the digital realm.
Friend.tech users will now transition from being solely content creators or consumers to becoming actual investors in the platform.
The move strengthens the bond between users and the company, fostering a stronger sense of community.
This initiative was made possible through an agreement with previous shareholders, including Paradigm, who have consented to transfer the rights of selling tokens directly to the platform’s users.
By enabling this transfer, Friend.tech takes a significant step towards a user-centric model, where users not only shape the platform’s future but also share in its success.
The shift by Friend.tech opens up new avenues for user engagement and investment within the crypto industry.
By providing users with ownership stakes and control over tokens, the company advocates for a more inclusive and equitable approach to technology entrepreneurship and governance.
The move challenges the status quo of venture capital financing and signals a shift towards broader user participation and investment.
Users are now empowered to directly impact the platform’s trajectory, fostering a cooperative culture.
It is also important to note that Paradigm played a key role in the move.
Known for investing in innovative technology ventures, the crypto VC agreed to distribute shares among users,
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